Stock under Consideration: Freeport-McMoRan Inc (NYSE:FCX)
Stock under Consideration: Freeport-McMoRan Inc (NYSE:FCX)
FBR & Co Reaffirms "Hold" Rating for Freeport-McMoRan Inc (FCX)
14 April, 2017, 00:44
Several investment firms issued their expert ratings on Freeport-McMoRan Inc. It opened the session with a $2.63 price tag, later ranging from $2.3 to $2.64, the range at which the stock has traded at throughout the day. The recent change has given its price a -6.9% deficit over SMA 50 and -24.5% deficit over its 52-week high.
A number of other research analysts also recently commented on FCX.
The stock subtracted in the prior trading session by -5.43%, closing at the stock price of $12.88. Zacks Investment Research lowered Freeport-McMoRan from a buy rating to a hold rating in a research report on Monday, January 30th.
During last 5 trades the stock sticks nearly 2.11%.
Freeport-McMoRan Inc (FCX) is a mining company. Vetr now has $14.75 target price on the natural resource company's stock.
Now the shares of Freeport-McMoRan Inc. Analysts have a mean recommendation of 2.90 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). They issued a neutral rating and a $14.00 price target on the stock.
Shares of Freeport-McMoRan (NYSE:FCX) traded up 0.23% during trading on Wednesday, reaching $12.91. 8,779,123 shares of the company were exchanged. The firm has a 50 day moving average of $13.04 and a 200-day moving average of $13.44. FCX generated revenue of $4.43 Billion in the same quarter, one year ago. Freeport-McMoRan has a one year low of $9.24 and a one year high of $17.06.
Freeport-McMoRan (NYSE:FCX) last issued its quarterly earnings results on Wednesday, January 25th. The natural resource company reported $0.25 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.33 by $0.08. The company now has a Return on Equity (ROE) of -89.90% and a Return on Investment (ROI) of -14.20%.
Many Analysts provided their foresight on Revenue Estimates of Pfizer Inc. where they believe that the company has the potential to earn average revenue of $1 for the current quarter. Ltd. now owns 364,824 shares of the natural resource company's stock valued at $3,962,000 after buying an additional 186,398 shares during the last quarter.
MU's revenue has grown at an average annualized rate of about 7.1% during the past five years.
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Relative strength index (RSI-14) for Freeport-McMoRan Inc. Also, VP C Donald Whitmire, Jr. sold 57,620 shares of the company's stock in a transaction on Thursday, February 9th.
The number of shares now held by investors is 1.45 Billion. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Are investors supposed to sell when the stock hits the target?
In the liquidity ratio analysis; quick ratio for most recent quarter was 1.60 while current ratio for time period was 2.40. The disclosure for this sale can be found here. The short ratio in the company's stock is documented at 2.51 and the short float is around of 4.70%. Company insiders own 1.40% of the company's stock.
Several institutional investors have recently modified their holdings of the company. Gulf International Bank UK Ltd boosted its position in Freeport-McMoRan by 1.4% in the first quarter. In the last quarter, insiders sold 151,645 shares of company stock valued at $2,340,571. Northern Trust Corp boosted its stake in Freeport-McMoRan by 2.3% in the third quarter. Arrow Investment Advisors LLC now owns 144,167 shares of the natural resource company's stock valued at $1,566,000 after buying an additional 12,004 shares during the last quarter. Wrapmanager Inc. boosted its position in Freeport-McMoRan by 0.3% in the fourth quarter. Checchi Capital Advisers LLC boosted its position in shares of Freeport-McMoRan by 30.2% in the third quarter. Regal Investment Advisors LLC boosted its position in Freeport-McMoRan by 1.3% in the third quarter.
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